Sanjay Malhotra's Appointment as RBI Governor Sparks Rate Cut Speculation
India's appointment of Sanjay Malhotra as the new Reserve Bank of India governor has sparked expectations of a shift towards a more dovish monetary policy, potentially leading to interest rate cuts as early as February. Malhotra, who replaces the hawkish Shaktikanta Das, is expected to balance economic growth with controlling inflation. Analysts and market indicators suggest a 25-basis-point rate cut could occur at Malhotra's first Monetary Policy Committee meeting, reflecting a response to India's slowing economic growth and rising inflation.